NEW YORK (TheStreet) -- Whenever my wife and I travel from Tampa Bay up north, I keep an eye on truck traffic to gauge economic activity.
Truck traffic was significantly heavier last week than it was during our last trip last August. Although I did not see any major trucking company dominate the interstate, I noticed more Federal Express (FDX - Get Report) and United Parcel Services (UPS - Get Report) trucks in both directions of our trip.
Many truckers are stopping along the way at TravelCenters of America (TA) for the rest stop's full-service hospitality, which includes fuel, dining, showers and heavy truck repairs. My wife and I like to use these service areas because you know the rest rooms will be clean.
The three stocks mentioned above are lagging the Dow Transportation Average, which set an all-time intraday high at 7938.42 on Thursday, up 7.1% year to date.FedEx ($139.33 at Thursday's close) is down 3.1% year to date and up 8.7% since its 2014 low at $128.17 set on Feb. 4. The daily chart is neutral with the stock above its 21-day, 50-day and 200-day simple moving averages at $137.39, $135.78 and $129.91, respectively. The 2014 low was $128.17 on Feb.4. The weekly chart for FedEx is positive with its five-week modified moving average at $136.68 and its 200-week MMA at $98.78. Semiannual and quarterly value levels are $133.40 and $127.54, respectively, with a monthly risky level at $159.15. United Parcel Services ($101.66 at Thursday's close) is down 3.3% year to date and up 9.1% since its 2014 low at $93.18 set on Feb. 4. The daily chart is neutral with the stock above its 21-day, 50-day and 200-day SMAs at $99.69, $98.35 and $96.28. The weekly chart is positive with its five-week MMA at $99.29 and its 200-week SMA at $79.30. My quarterly value level is $94.31 with semiannual pivots at $100.46 and $103.68 and monthly risky level at $110.52. TravelCenters ($7.86 at Thursday's close) is down 19.3% year to date and up 9.5% since its 2014 low at $7.18 set on May 5. The daily chart is neutral with the stock above its 21-day SMA at $7.54, on the cusp of its 50- day SMA at $7.87 and below its 200-day SMA at $8.51. The weekly chart for TravelCenters is neutral with its five-week MMA at $7.80 and its 200-week SMA at $6.43 with an oversold 12x3x3 weekly slow stochastic. This week's value level is $7.22 with a semiannual pivot at $8.02 and semiannual, quarterly and monthly risky levels at $9.06, $9.12 and $9.61, respectively. >>Read More: American Air President: Don't Call Us 'Nickle and Dimers' >>Read More: Boeing Wants to Be More Like Apple in Its Strategic Planning >>Read More: It's Time to Look Abroad to Enhance Your ETF Portfolio At the time of publication, the author held no positions in any of the stocks mentioned. Follow @Suttmeier This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff
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